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Mar 31, 2011
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unless and until they use those the 40's, we are worse than the status quo. -- the use those -- use those authorities, we are worse than the status quo. the market is looking at dodd- frank and they are rejecting it. it increases capital requirements. the volcker rule, although a lot of exceptions have been made to defeated, these are all hopeful in certain areas of potential risk. but the big ticket question we're talking about it, does it solve too-big-to-fail? the answer is not yet. in terms of what the direction has been, i am not entirely optimistic that it will. >> thank you. we recognize mr. quigley. >> tha you, mr. chairman. it is not that i disagree with you on the point. but i want to understand better. you advocating your testimony toda and in your editorial, discussing the recommendation to supply our strength, -- to simplify or make smaller. the risk-taking will shift elsewhere in the system were is harder to regulate. think hedge funds. what is your response to that? >> that sounds like an embracing a too-big-to-fail. >> i do not think he is correct. >> this is similar to a
unless and until they use those the 40's, we are worse than the status quo. -- the use those -- use those authorities, we are worse than the status quo. the market is looking at dodd- frank and they are rejecting it. it increases capital requirements. the volcker rule, although a lot of exceptions have been made to defeated, these are all hopeful in certain areas of potential risk. but the big ticket question we're talking about it, does it solve too-big-to-fail? the answer is not yet. in terms...
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Mar 24, 2011
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we will have offers -- options presented to us. they will be design ideas, whether it should include a railway or rapid transit. mr. speaker, there's lots of options, but we're certainly not going to go into this willy nily while the current bridge is safe. >> the honorable member for hall elmer. mr. speaker, on both sides of the river, yesterday's conservative bunches confirmed everyone's worst fears. a keen sense of smell already detected that if the air. >> the conservatives are creating an uncertainty about job security of thousands of families in the greater national council region. the conservatives are in the habit of laying off public serve n'ts who are doing their jobs but don't they think that this is -- that this is beginning to be too much? >> mr. speaker, as we said yesterday, 11,000 jobs each year leads to public service, and my colleague mentioned the fact that there are times when there are jobs that have left the public service. well, it's liberal, mr. speaker. in high numbers, in fact, there were many jobs that we
we will have offers -- options presented to us. they will be design ideas, whether it should include a railway or rapid transit. mr. speaker, there's lots of options, but we're certainly not going to go into this willy nily while the current bridge is safe. >> the honorable member for hall elmer. mr. speaker, on both sides of the river, yesterday's conservative bunches confirmed everyone's worst fears. a keen sense of smell already detected that if the air. >> the conservatives are...
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Mar 22, 2011
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let's do our part for the least among us. insuring the democracies' for a people must be the work of all. this is our common history. it is our common heritage. we are all americans. across the americas, parents want their children to run and play and know they will come home safely. fathers want the dignity that comes from work. women want the same opportunities as their husband. on a trip to new worse want to start a new business. -- entrepreurs want a chance to start a new business. but this may be beyond the reach of too many. progress in the americas does not come fast enough, not for the millions that indoor the injustice of extreme poverty. not for the children in shantytown that want the same chance as everybody else. not for the communities caught in the brutal corp. of cartels and gains and to many people live in fear. despite this democratic progress in this region, there are still stark in -- inequalities. too often we do not serve the many. there is still corruption that cycles some economic development. and in s
let's do our part for the least among us. insuring the democracies' for a people must be the work of all. this is our common history. it is our common heritage. we are all americans. across the americas, parents want their children to run and play and know they will come home safely. fathers want the dignity that comes from work. women want the same opportunities as their husband. on a trip to new worse want to start a new business. -- entrepreurs want a chance to start a new business. but this...
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Mar 31, 2011
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they want us to give them a segment of submission. what happened then, it looked like we had to give them the submission check. the same principle now, there is a virtual defeat, plan for syria. there is chaos in the country. under the slogan of reform. this chaos under the title of reform, then they will clash and the defeat of syria will take place. we thwarted this plan in 2005 through popular awareness. today, it is more difficult because their techniques are better, but the popular awareness as we have seen this time around was good enough to react very quickly, but we cannot be complacent. we have reinforced the national popular awareness because that is the real protection, the shield of the syrian nation. there is a major point. we are talking about the changes that took place in the region. we talked about ways, everybody is calling this a way. whether it is a wave, positive or not. if these ways is carrying us or are we carrying it? this wave comes in to say we have to determine whether if it comes, it's an energy, this ener
they want us to give them a segment of submission. what happened then, it looked like we had to give them the submission check. the same principle now, there is a virtual defeat, plan for syria. there is chaos in the country. under the slogan of reform. this chaos under the title of reform, then they will clash and the defeat of syria will take place. we thwarted this plan in 2005 through popular awareness. today, it is more difficult because their techniques are better, but the popular...
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Mar 4, 2011
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actually the hard work is ahead of us, not behind us. but we are here and we are heading in that direction. it's not simply because there's social media and there's young people. suddenly there's nothing sudden about it. i think we should pay respect due to the hundreds of thousands of arabs who were tortured, jailed, picketed, demonstrated with the hunger strike. why the arab world were not reported, those are the invisible arabs. the hundreds and millions that were displaced by their regimes from iraq to morocco, those -- the torture, the prison, the strike, the activist, the young and the old, the man and the woman, they are the ones who should be thankful. i think in that sense, that's why i'm hopeful and optimistic that's it's going in the right direction. >> okay. thank you. [inaudible] >> everyone, thank you for being here. thank you for taking part in the debate. i wish we had more time. please join me in thanking your panel for tonight.
actually the hard work is ahead of us, not behind us. but we are here and we are heading in that direction. it's not simply because there's social media and there's young people. suddenly there's nothing sudden about it. i think we should pay respect due to the hundreds of thousands of arabs who were tortured, jailed, picketed, demonstrated with the hunger strike. why the arab world were not reported, those are the invisible arabs. the hundreds and millions that were displaced by their regimes...
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Mar 9, 2011
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both of us -- we worked and i used to work for a financial institution but we also share a common interest and love of history and you obviously do having gone back and taking a look at the period that you've described. and it's very appropriate, i think, as a lead into what i'm going to say today about the relationship between where we are today and where atchison and marshall and truman and others were at the end of world war ii. first, let me apologize for being late but i was actually at a celebration that secretary clinton and michelle obama held for the 100th anniversary of world women's day. and i mention this if part because it was very impressive to see women leaders from all over the world there and it took a little longer because all had very interesting things to say. but prior to this, i was talking to secretary clinton and mrs. obama about this and i was explaining that i was going to give a speech at lunch. and we were sort of reflecting on the role of women in economics. and the point that i try to make in various speeches, when i was at goldman sachs we published a report
both of us -- we worked and i used to work for a financial institution but we also share a common interest and love of history and you obviously do having gone back and taking a look at the period that you've described. and it's very appropriate, i think, as a lead into what i'm going to say today about the relationship between where we are today and where atchison and marshall and truman and others were at the end of world war ii. first, let me apologize for being late but i was actually at a...
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Mar 25, 2011
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women's organizations have told us they will support us, so i don't know that we're going to get all the money that we want, probably not. we want so much, but at least with the money we have we need to work in a good way, improve our effectiveness and efficiency, but we also have to think and incentivize the rest of the u.n. system to spend more in women because there would never be the money for the u.n. women, and that's why i mentioned we won't replace the rest, and we will be holding accountable all the systems, so u.n. bp has to do more projects for women. you can imagine that in africa the cultural force -- i mean, in the world the average is 60%. in africa and some countries it's almost 85%, but they all only have 2% of the land, and when you see how much money from different privates go to women, it's like 2% too, so we can improve that, direct more to women, and i am really looking forward to -- i would say push for this huge project for women because there -- i mean, women who know how to produce fantastically, but they don't have water supply or if they do have, they make
women's organizations have told us they will support us, so i don't know that we're going to get all the money that we want, probably not. we want so much, but at least with the money we have we need to work in a good way, improve our effectiveness and efficiency, but we also have to think and incentivize the rest of the u.n. system to spend more in women because there would never be the money for the u.n. women, and that's why i mentioned we won't replace the rest, and we will be holding...
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Mar 23, 2011
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what a backward loss. >> a 15 hour pre nursery condition they give us. they met with me and are concerned about the new guidelines not giving enough flexibility. i talked to my right hon. friend the secretary of education about the problem. >> what we have done is make sure we properly funded the extra hours of education for a 3-year-olds and for the first time introduced that provision for disadvantaged 2-year-olds and it is the big step forward at a time of spending constrained that we have help the poorest families in our country to have a better future. i take of the points you make and make sure she leads by the education secretary to make sure this is introduced in the right way. >> the secretary of state for energy in the newspaper interviewed this week, on the viability of investment in the civil nuclear energy industry. .. >> thank you very much, mr. speaker. last night a college in my constituency, i spoke to a bright group of economic students. we discussed that government cannot spend money they do not have. [shouting] >> the students underst
what a backward loss. >> a 15 hour pre nursery condition they give us. they met with me and are concerned about the new guidelines not giving enough flexibility. i talked to my right hon. friend the secretary of education about the problem. >> what we have done is make sure we properly funded the extra hours of education for a 3-year-olds and for the first time introduced that provision for disadvantaged 2-year-olds and it is the big step forward at a time of spending constrained...
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Mar 9, 2011
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no one made us do, but -- made us do it, but we wanted to. we love our kids. we ask our state legislatures for the a supply of budget so we can buy the necessary things, crops, art supplies, simple paper for the kids. we're often told know because they know we will make it up out of our own budget. -- we are often told no another 21st century problem -- how do we protect or create a top level playing field where state enterprises do not distort trade our international -- or international competition, the kinds of special legal support for the kind of advocacy that some of the state enterprises enjoy. again, a major challenge. this notion of state-directed capitalism has become quite appealing to certain countries, in part because it seems to work very well in china. there are a number of negatives. one of the things we need to do is explain to governments and individuals that this model that looks so attractive for the moment may not be so. if you are an emerging economy that the size this is a good model, you are competing for resources and the ability to sub
no one made us do, but -- made us do it, but we wanted to. we love our kids. we ask our state legislatures for the a supply of budget so we can buy the necessary things, crops, art supplies, simple paper for the kids. we're often told know because they know we will make it up out of our own budget. -- we are often told no another 21st century problem -- how do we protect or create a top level playing field where state enterprises do not distort trade our international -- or international...
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Mar 19, 2011
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social networking sides. 62% of internet uses use them. people over age 50, not just of the main for young people who are tech savvy and have all of their friends, now their parents' are with them. it is -- it is freaking a lot of kids out. it is great for social research. but an important part of the story for consumers, one of the core ways that people are responding to the more challenging informations in farming, with the velocity, the variety of information increasing in their life, they are falling back on their social networks in three ways. first is that social networks are really important for pictures. people watch their face but pages or read twitter to find out what their friends are reading, important stories that are taking place in the world that they care about, and using it as a gay keeping function that traditionally newspapers did. social networking does that. they are valid debtors of the reformation. when people in counter information that they want to will understand more deeply, or it confuses them or disrupts the wo
social networking sides. 62% of internet uses use them. people over age 50, not just of the main for young people who are tech savvy and have all of their friends, now their parents' are with them. it is -- it is freaking a lot of kids out. it is great for social research. but an important part of the story for consumers, one of the core ways that people are responding to the more challenging informations in farming, with the velocity, the variety of information increasing in their life, they...
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Mar 11, 2011
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it's extremely useful for us to have a point of reference. somebody that we can talk to, somebody we can commission and work from if we require it. if we know, for example, there's a specific issue arising and say can you go out to the range of the agencies and get his reports and get us work brought in for certain time? and that, i think, has been very helpful. i also think it avoids duplication or triple cation. >> how has crisis management are you looking at how crisis management is done within the nsc or within whitehall and thinking of ways to improve it, change it? >> well, i think the nsc was originally conceived as what its name implies, a security council and its first writing task is strategic, not operational. it is not cobra. >> uh-huh. and it's, i think, quite important to hold that distinction between the large scale decisions that fought to be made and the widest set possibilities and to manage a particular situation. so nsc is strategic over tactical in those terms. >> that's roughly how i would describe it and i think my coll
it's extremely useful for us to have a point of reference. somebody that we can talk to, somebody we can commission and work from if we require it. if we know, for example, there's a specific issue arising and say can you go out to the range of the agencies and get his reports and get us work brought in for certain time? and that, i think, has been very helpful. i also think it avoids duplication or triple cation. >> how has crisis management are you looking at how crisis management is...
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Mar 24, 2011
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-- comparing us with agrees. now, the right honorable gentleman makes an interesting point. at what point in our history did we turn over our economy to the ratings agencies? at what point did we say to ourselves, it's only a rating agencies when the rating agencies call you, and they all have a fix -- they have a panic. you're not to reduce our ratings, are you? mr. speaker, why would -- why did we as a nation state give our economy over to a ratings agency to moody's, to standard & poor's? where was the chancellor of the exchequer who said, no, i'm not going to do that. and in relation to the ratings agencies. the ratings agencies accepted the deficit reduction plan of a labour government. they were happy with the four-year program. it was this particular government who fell back to the age of the noble lords and to the -- john major referred to my right honorable member. it's not working. it's not -- [laughter] >> it's not working. and that was the two points. the honorable gentleman gave away one i'm not sure
-- comparing us with agrees. now, the right honorable gentleman makes an interesting point. at what point in our history did we turn over our economy to the ratings agencies? at what point did we say to ourselves, it's only a rating agencies when the rating agencies call you, and they all have a fix -- they have a panic. you're not to reduce our ratings, are you? mr. speaker, why would -- why did we as a nation state give our economy over to a ratings agency to moody's, to standard &...
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Mar 24, 2011
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it has taken us 20 years working with us. so don't forget about that. >> them are still not satisfied. >> which you have to find a way to work this out. >> thank you also much. i was a fascinating panel. i hope you have things you cannot take back to your organizations. barbara, sylvia, caroline, thank you for joining me up your. [applause] [inaudible conversations]
it has taken us 20 years working with us. so don't forget about that. >> them are still not satisfied. >> which you have to find a way to work this out. >> thank you also much. i was a fascinating panel. i hope you have things you cannot take back to your organizations. barbara, sylvia, caroline, thank you for joining me up your. [applause] [inaudible conversations]
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Mar 18, 2011
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that is fine with us. we do have a number of banks to have not been paying their dividend, but we look at the rate at which banks better in the program are paying dividends on preferred stock versus those outside the program, to the extent there is data, what we found was 11% of the banks in the program wereot able to pay the dividend. >> i wanted to return to -- i know several of you have talked about how this has not been operating the way you would of liked it too. mr. barofsky, could you speak about the changes going forward to helping homeowners? >> the important thing is there has to be initially and acknowledgement from treasury that this program is failing. the cessation of continuing to defend the status quo -- >> going forward, what can we be doing? >> i would say, you start with the reassessing the incentive structure and the penalty structure. if the current sysm is not working, revisit that structure. we have made other recommendations as well. recommendations regarding principal reduction, wh
that is fine with us. we do have a number of banks to have not been paying their dividend, but we look at the rate at which banks better in the program are paying dividends on preferred stock versus those outside the program, to the extent there is data, what we found was 11% of the banks in the program wereot able to pay the dividend. >> i wanted to return to -- i know several of you have talked about how this has not been operating the way you would of liked it too. mr. barofsky, could...
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Mar 1, 2011
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what do you want us to do now? all of them were united to making sure what was happening on time in july and the outcome of this and all of us in the campaign for that. so the general unity of all political parties were there. we have different views and never advocate a multi-party system, not one system. >> i have a question here in the center. >> good afternoon. thank you for coming. i am poindexter and spent the last four years living and working in west africa, so the issue of aid always comes up and you mention the marshall plan so i wanted to get a sense of your ambassador ezekiel lol gatkuoth the anti a argument. there are arguments to create a cycle of dependency that kills entrepreneurship if you have a great phone lines that you do that entrepreneurs won't be able to work there and the marshall plan only works in countries where there are well-established institutions and that has been the case history. comment on those criticisms. .. >> i think the vision we are having is help us that we can help oursel
what do you want us to do now? all of them were united to making sure what was happening on time in july and the outcome of this and all of us in the campaign for that. so the general unity of all political parties were there. we have different views and never advocate a multi-party system, not one system. >> i have a question here in the center. >> good afternoon. thank you for coming. i am poindexter and spent the last four years living and working in west africa, so the issue of...
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Mar 11, 2011
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god help us. god help us. >> thank you, mr. blede. our next witness ises director of somali education and its social advocacy center in minneapolis, minnesota, the uncle of borhan hassan. i ask you to limit your remarks to five minutes or so. >> thank you. >> first of all, i want to say thank you to chairman king and members of the committee fo allowing me to speak on behalf of the muslim soma american community today. i also want to thank the somali american community for lping us, the families of the missing children or youth, to stand up against the radicalization of our youth. i want to tell you why i'm here today and how important it is for me. i'm here because of my boren hassan. not only him but 20 and 40 others who are somali americans in the state of minnesota who have been brainwashed, radicalized by members of our community and back home into a berning burning in a civil war. i want to talk about my nephew. i love my sister, and her family was along about hundreds of thousands who fled from the civil war into the neighborin
god help us. god help us. >> thank you, mr. blede. our next witness ises director of somali education and its social advocacy center in minneapolis, minnesota, the uncle of borhan hassan. i ask you to limit your remarks to five minutes or so. >> thank you. >> first of all, i want to say thank you to chairman king and members of the committee fo allowing me to speak on behalf of the muslim soma american community today. i also want to thank the somali american community for...
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Mar 12, 2011
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nobody's used that money. it's in a series of so-called foreclosure mitigation programs that the administration has put forth, almost all of have i have beenbject failures even by their own yardstick, own measurement. number one, the best foreclosure mitigation program in america is a job. it's a paycheck. not government check. it's a paycheck. job creators are hampered by the uncertainty of the national debt. historic levels of debt will lead to historic levels of taxation, which leads to historic levels of unemployment. the equation could not be more true, could not be more elementary. but don't take my word for it. let's hear from some of the job creators in america. let's hear from the.e.o. of caterpillar which employ tens of thousands of people across our nation. quote, entitlement programs coupled with the coming wave of retiring baby boomers will push the deficit to untenable levels. it is a train wreck. mike jacks, c.e.o., auto nation. 19,000 employees, quote, the best thing that this town could do to
nobody's used that money. it's in a series of so-called foreclosure mitigation programs that the administration has put forth, almost all of have i have beenbject failures even by their own yardstick, own measurement. number one, the best foreclosure mitigation program in america is a job. it's a paycheck. not government check. it's a paycheck. job creators are hampered by the uncertainty of the national debt. historic levels of debt will lead to historic levels of taxation, which leads to...
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Mar 26, 2011
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for us, you give us an objective. take that hill. we will take the hill. when you translate that to the national level, and national objectives like unconditional surrender -- turn it over to the military and we will go get them. in fact, state craft uses the military as one means along with the economy and economic forces, diplomacy through -- bilateral aid, international law -- all these factors figure in. military action has to be one rt of tools used by the united states to maintain our security and to advance our interests in the world. our military is the most powerful military in the world. i do not think it is out of control. it is answerable to congress. every flight officer who gets promoted up to above thetwo- two- star level has to take an oath. we are accountable to the people of the united states. the military is a powerful institution. it has goo people that are well educated. they plan and work ahead. it is a long-term institution. sometimes the force of military planning the logic in assembling the fact overwhelms other elements of u.s. po
for us, you give us an objective. take that hill. we will take the hill. when you translate that to the national level, and national objectives like unconditional surrender -- turn it over to the military and we will go get them. in fact, state craft uses the military as one means along with the economy and economic forces, diplomacy through -- bilateral aid, international law -- all these factors figure in. military action has to be one rt of tools used by the united states to maintain our...
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Mar 29, 2011
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i would do it by using egyptian, jordanian ground forces as advisers with the rebels, using all western air power as decisively as power. a no-fly zone does not just mean airplanes. i think this is linguistically stupid. i have never seen a flying tank. [laughter] if they want to create a suppressions own to defeat the libyan military, then the honest and say that is what we're doing. it is a totally different process. once you get involved, i believe you get involved decisively. you win quickly and minimize casualties. you get it over quickly. you say you are getting rid of gaddafi because you want his military to get up every morning to the simple message that he is gone. [applause] if you are of the libyan military and wondering if the americans are serious and whether you can hold out -- you watch our white house arguing. i want to say to the things about foreign policy. we have to risk the lives of young americans. we have to have the courage to tell the truth about who is trying to kill us. it is not a random behavior. it is radical islamists motivated by deep belief against our s
i would do it by using egyptian, jordanian ground forces as advisers with the rebels, using all western air power as decisively as power. a no-fly zone does not just mean airplanes. i think this is linguistically stupid. i have never seen a flying tank. [laughter] if they want to create a suppressions own to defeat the libyan military, then the honest and say that is what we're doing. it is a totally different process. once you get involved, i believe you get involved decisively. you win...
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Mar 31, 2011
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the problem is that democrats don't want us to use the energy we have. it's enough to make you wonder whether anybody in the white house has driven by a gas station lately. no, the crisis we face is immediate and it requires immediate action. and that's why republicans have come up with two concrete proposals that will have a positive practical effect, two things we can do to give americans relief, job creators a reason to hire and make all of us less dependent on foreign sources of oil. first, let's increase american energy production by cutting the red tape and opening up areas that the administration has either temporarily blocked, stalled, or closed off to production. and let's block any new regulations that will drive up production costs for energy, including the administration's proposed new e.p.a. regulations on carbon emissions. the first proposal is guaranteed -- guaranteed -- to create jobs by unlocking our energy resources. the second has been described as one of the best proposals for growth and job creation to make it on to the senate docket
the problem is that democrats don't want us to use the energy we have. it's enough to make you wonder whether anybody in the white house has driven by a gas station lately. no, the crisis we face is immediate and it requires immediate action. and that's why republicans have come up with two concrete proposals that will have a positive practical effect, two things we can do to give americans relief, job creators a reason to hire and make all of us less dependent on foreign sources of oil. first,...